Gresh bought 1,000 shares of ibis corporation stock for $5,600 on january 15, 2017. on december 31, 2019, she sold all 1,000 shares of her ibis stock for $4,800. based on a hot tip from her friend, she bought 1,000 shares of ibis stock on january 23, 2020, for $3,150. what is ms. fresh's recognized loss on her 2019 sale, and what is her basis in her 1,000 shares purchased in 2020?

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.